Archive for May 22nd, 2013

Creating an Effective Computer Setup for Day Trading

Laptop trading computer

Believe it or not, your trading computer setup can have a big impact on your success. Not all stock trading computers are created equal. By paying attention to a few specific criteria you can increase your abilities to make successful transactions.

First, the trading computer setup needs a good, powerful processor to insure it can handle the vast amounts of data that you use to make decisions. Generally a laptop trading computer is optimized for size and does not have the benefit of an extremely powerful internal processor. We like to think that anything that can stream a movie makes a good trading computer setup, but movies and other high volume data transfers can buffer the information so that it is not so processor intensive like your day trading streams. You risk too much information lag with a less than optimal processor in a computer for traders.

In addition to the processor, you should also consider the display capabilities in your trading computer setup. Using dedicated graphics cards, or graphics processors, allows your computer to more accurately render graphs, images and streaming data in real time. A second monitor will also enhance your ability to view real time data in relation to all of your trading information and research.

It does not matter how frequently you day trade, an effective trading computer setup will provide the advantages to use all of your tools more effectively. Plus, your trading computer setup can make a difference in profitability in regards to your ability to gather information quickly.

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The Pros and Cons of Inheritance Advances

Loan to trust

Millions of wealthy Americans have drafted wills which transfer their fortunes to their children and grandchildren. However, any American who has inherited real estate or money from their deceased owners will indicate that the process is both costly and time consuming. Some Americans only receive their inheritance after several months, or even years, of negotiation with an seemingly endless army of judges and lawyers; very few Americans receive their inheritance without encountering these probate problems. Luckily, many Americans have managed their finances so well that they can survive without inheritance advances, inheritance advance loans, and other inheritance loans; they regard the gifted money as a luxury more than a necessity. However, other Americans are either less lucky or less responsible; their spending either exceeded their income (perhaps because they failed to realize that they would not receive their inheritance advances for several months or even years after the death of their loved ones), or unexpected catastrophes (such as illnesses or accidents) prematurely drained their bank accounts. These individuals cannot afford to slog through a lengthy legal battle; they cannot afford to wait months or years to acquire their inheritance advances. Consequently, many of these individuals hire lawyers and law firms who promise to speed up this otherwise protracted process. However, individuals who consider taking this route should know that it is not easy to acquire an inheritance advance; although this process is less protracted than the traditional process, it nonetheless takes several months. Furthermore, many lawyers charge hefty fees for their services, so individuals who desire inheritance advances often relinquish thousands of dollars to these lawyers. Great references here.